Johnson Controls (JCI) Releases Quarterly Earnings, Meets Expectations
Johnson Controls (JCI) announced its earnings results on Friday. The company reported $0.53 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.53. Johnson Controls’s revenue was up 4.2% compared to the same quarter last year.
A number of research firms have also recently commented on JCI. Analysts at Wolfe Trahan downgraded shares of Johnson Controls from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, April 24th. On the ratings front, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Johnson Controls in a research note to investors on Monday, April 23rd. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Johnson Controls in a research note to investors on Monday, April 23rd.
Johnson Controls (JCI) traded down 1.18% on Wednesday, hitting $28.41. Johnson Controls (JCI) has a 1-year low of $24.29 and a 1-year high of $42.92. The company has a market cap of $19.324 billion and a price-to-earnings ratio of 11.87.
Johnson Controls, Inc. (Johnson Controls) provides automotive interiors. It provides batteries for automobiles and hybrid electric vehicles, along with related systems engineering, marketing and service expertise.